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WEF is a non-political organization comprising varied
economic and business organizations, seeking economic
and social development. It will address the issue of
achieving technological
development at international, regional and zonal levels.
G11 Group
The G11 Group was launched last year
at the time of the UN General Assembly sessions in New
York. Its members are Jordan, Pakistan, Sri Lanka and
Indonesia (Middle East and Asia), Morocco and Tunisia
(Africa), Georgia and
Croatia (Europe) and Honduras, Paraguay and Ecuador
(Central and South
America). Jordan is the current Secretary General of
the G11.
The objective of the G11 Group is
to increase cooperation and knowledge
sharing among participants who are from the lower-Middle
Income countries.
Member countries of the G11 Group
have achieved significant results in their economic
reform and restructuring policies, resulting in enhancement
of their economies. The Summit will look at means of
capitalizing on these results with support from industrialized
states.
The G11 Summit will consider
policies to encourage active economic participation
to improve the economies of the member states by making
foreign aid responsive to local needs, shifting from
loans to grants to keep
countries from re-accumulating debt, lobby wealthy countries
to open their
markets to developing country products - especially
in the agricultural
sector, channel savings from debt into strengthening
education and public
health, knowledge sharing, and adopting a common strategies
to make foreign
aid responsive to local needs.
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